Demand for domestic producers' products in the local Turkish cold rolled coil (CRC) market has remained at low levels during the past week, while domestic CRC prices in Turkey have remained unchanged. It is observed that buyers prefer to stand back and monitor the global flat steel markets ahead of the end-of-Ramadan holiday and are continuing to postpone their purchases. Meanwhile, Turkish steel mills' CRC prices for their domestic markets are still at $600-620/mt ex-works.
Meanwhile, Turkish traders' CRC prices in the local Turkish spot market are at the following levels:
Product | Price ($/mt) | |
Eregli | Gebze | |
0.6 mm CRC | 660-680 | 670-700 |
0.7-2 mm CRC | 630-650 | 640-670 |
The offers are on ex-warehouse basis, for June delivery, and exclude 18 percent VAT.